Insolation Energy forms new subsidiary for solar power development

Insolation Energy Limited announced the incorporation of NRJG Green Infra Private Limited on September 16, 2025, as a step-down, wholly owned subsidiary. This new entity, established as a special purpose vehicle (SPV), will focus on setting up solar power plants. NRJG Green Infra Private Limited has an authorized share capital of INR 100,000, divided into 10,000 equity shares of INR 10 each, with 100% of the equity shares subscribed by Insolation Green Energy Private Limited.

The primary business of NRJG Green Infra Private Limited will involve the development, erection, installation, establishment, construction, operation, and maintenance of renewable energy power plants. This includes comprehensive design, supply, testing, and commissioning, as well as operation and maintenance (O&M) for rooftop solar (RTS) photovoltaic power projects. The company, incorporated on September 16, 2025, is yet to commence business operations, thus having no prior turnover.

The establishment of NRJG Green Infra Private Limited is a related party transaction as it is promoted by a wholly owned subsidiary of Insolation Energy. However, the initial subscription payable to the SPV is not considered a related party transaction for Insolation Energy Limited as it is not a direct party to the subscription.